british artist x.com/hirst_official” target=”_blank” rel=”noopener”>Damien Hirst faces accusations of backdating thousands of paintings in his nft art project, 'The Currency'. Recent research suggests that at least 1,000 of the 10,000 dot paintings were produced years after the claimed 2016 date.
Released in 2021, 'The Currency' featured 10,000-point paintings where buyers had to choose between a physical painting or a corresponding nft, and the unselected option was destroyed. Each painting was inscribed with the date 2016 and Hirst's signature.
The project quickly sold out, generating nearly $90 million, with more than 5,000 buyers choosing physical paintings, while nearly 4,000 chose nfts, leading to the destruction of their physical counterparts. In October 2022, Hirst and his team publicly burned nearly half of the physical collection during an instagram live stream.
Source: Damien HirstArt community divided over outdated paintings
According to the investigation, supported by five anonymous sources involved in the creation process, many of these dot paintings were actually produced in 2018 and 2019. These sources described the large-scale production effort, which involved painters from Hirst's studios in Gloucestershire and London. , the “Henry Ford production line.”
In response to the allegations, Hirst's lawyers stated that the dating of the 'La Moneda' paintings follows the artist's usual practices and conceptual art conventions. They argue that the date refers to the beginning of the project rather than the individual creation of each piece.
The artistic community is divided over these revelations, with critics arguing that the erroneous date undermines the integrity of 'The Currency', while supporters believe it is consistent with Hirst's artistic approach.
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